Tech Company Financing Transactions
Rdio Funding Round
On 2/3/2011, Rdio received $17.5 million in funding from Atomico Ventures, Mangrove Capital Partners and private investors.
Transaction Overview
Company Name
Announced On
2/3/2011
Transaction Type
Venture Equity
Amount
$17,500,000
Round
Undisclosed
Investors
Mangrove Capital Partners (Mark Tluszcz)
Proceeds Purpose
Rdio will use this infusion of funds to aggressively expand its footprint to new platforms and new regions in 2011. Part of the funds will also go towards hiring new talent, expanding outreach efforts to consumers, and continuing to innovate on new ways to bring the social music experience to music lovers.
Company Information
Company Status
Out of Business
Industry
Internet & IoT
Mailing Address
P.O. Box 438
San Francisco, CA 94104
USA
San Francisco, CA 94104
USA
Phone
Website
Email Address
Overview
The company operates an online music service.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Drew Larner
Co-Founder
Carter Adamson
VP - Engineering
Ron Buell
VP - Product Management
Malthe Sigurdsson
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We report on every notable VC transaction. VC investment data records on this site are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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